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A project manager is working on an ongoing construction project. The designer notifies the project manager about materials that were not included in the budget due to a technical mistake. What should the project manager have done to avoid this situation?
Correct Answer: D
Estimating using historical data from past similar projects (analogous estimating) is a best practice to prevent errors and improve accuracy in cost planning. It helps identify items or tasks that may be overlooked if only current project documentation is used. According to the PMBOK Guide - Seventh Edition, past project records and lessons learned are valuable tools for improving cost and scope planning.